Get Quotes from Top Insurers with Lowest Premium
Enter Details > Get Quotes > Buy Your privacy is protected.
Unbiased information on plans from varied insurance companies
Easy comparisons to choose the best insurance plan
No hidden costs, pay the same premiumas offered by the insurer
Pre and post sales expert assistance for smooth online buying experience
Reliable, Accurate and Quick policy servicing
Our representative will get back to you soon.
You can also directly contact us at

Max Life Premium Return Protection Plan

What is the Plan all About?

Ensuring the family’s protection and security, in case of any unfortunate event is on the top priority. Max Life Premium Return Protection Plan is a Non-Participating Limited Pay Plan that provides a comprehensive life cover plus returns all your premiums paid at the maturity of the policy.

What are the Key Features?

Get comprehensive protection with in-built Accidental Death Benefit

Guaranteed return of premiums at maturity

Flexible policy tenure of 20/25/30 years

Avail limited pay period of 11 years

Hassle free simple steps to buy the plan

Discount on High Sum Assured

Lower premium rates for female lives

What are the Plan Benefits?

Death Benefit

In case of death of the life Insured, base policy sum assured is paid. In case of death due to an accident, an additional 50% of the base policy sum assured is paid to the nominee.

The death benefit payable is the higher of

  • 105% of total premiums paid
  • 10 times the annualized premium
  • Guaranteed Maturity Sum Assured
  • Guaranteed Death Sum Assured

Guaranteed Maturity Sum Assured= Total premium payable over the premium paying term

Guaranteed Death Sum Assured= 100% of Sum Assured for non-accidental claims and 150% of Sum Assured for accidental claims.

Maturity Benefit

At the end of the policy term, policyholder will receive Guaranteed Maturity Sum Assured which is the Total Premium paid over the Premium Payment Term.

Loan Benefit

No loan can be availed under this policy.

Revival Benefit

This policy can be revived within 2 years from the due date of the first unpaid premium. You have an option to revive the policy under reduced paid up mode within 2 years from the due date of the first unpaid premium, subject to the receipt of the written request.

Surrender Value

Surrender value can be acquired under this plan, provided all due premiums have been paid in full for the first three policy years. The Surrender value is the higher of Guaranteed Surrender Value or Special Surrender Value.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 21 Years 55 Years (for 20 years policy term), 50 Years(for 25 years policy term), 45 Years (for 30 years policy term)
Age at Maturity - 75 Years
Policy Tenure 20/25 Years 30 Years
Premium Paying Term 11 Years -
Premium Paying Mode Monthly, Quarterly, Semi Annually & Annually -
Premium Amount 8500 p.a (annual mode) Modal factors Applicable (for Non Annual Modes) Based on the maximum sum assured of Rs 1 Crore
Sum Assured 5 Lacs (SI can be chosen in the intervals of 50,000) 1 crore (subject to underwriting)
Plan Type Offline -
Freelook Period 15 days from the receipt of the policy -
Grace Period 30 days (15 days for monthly mode) -

Is any Rider Available with this Plan?

There are no rider benefits available with this plan.

Is the Plan, eligible for Tax Benefit?

Max Life Premium Return Protection Plan is eligible for Tax benefits as stated:

  • Premiums paid towards this plan qualify for tax benefits under section 80C of the Income Tax Act, 1961.
  • Policy proceeds are entitled for tax benefits as per Section 10 (10D) of the Income Tax Act.

(Subject to the provisions stated therein.)

How the Plan Works?

Mr. Kumar is a healthy 30 year old salaried, married professional and was recently blessed with a baby. He wants to ensure his family continues to maintain a similar lifestyle even if he is not around. He wants to purchase a term plan at an affordable cost and also wants the premiums paid to be refunded after the term of the policy.

Step 1: Mr. Kumar decided that he needs a life cover of Rs. 25 Lacs.

Step 2: Mr. Kumar reviews the three Policy Term options and decides that for his purpose, the 11 pay, 30 years Policy Term is the best option.

Step 3: The Annualised Premium for his policy at Sum Assured of Rs. 25 Lacs comes out to be Rs. 30,500.